Thursday, 18 May 2017

Cabinet approves Agreement between India and Tajikistan

Cabinet approves Agreement between India and Tajikistan

Cabinet approves Agreement between India and Tajikistan on Cooperation and Mutual Assistance(सहायता) in Customs Matters . The Union Cabinet chaired by the Prime Minister Shri

Narendra Modi has given its approval for signing and ratifying(पुष्टि करना), an Agreement between India and Tajikistan on Cooperation and Mutual Assistance in Customs Matters. The Agreement will help in the availability of relevant(प्रासंगिक) information for the prevention and investigation of Customs offences. The Agreement is also expected to facilitate trade and ensure efficient clearance of goods traded between the countries.

Background:

The Agreement would provide a legal framework for sharing of information and intelligence between the Customs authorities of the two countries and help in the proper application of Customs laws, prevention and investigation of Customs offences and the facilitation of legitimate(वैध) trade. The Agreement takes care of Indian Customs' concerns and requirements, particularly in the area of exchange of information on the correctness(यथार्थता) of the Customs value declared, origin of goods and the tariff classification of the goods traded between the two countries.